Loomis Weaving Company Contracts to Sell Sweaters to Style Mart

question 35

Multiple Choice

Loomis Weaving Company contracts to sell sweaters to Style Mart stores.Before the sweat-ers are delivered,Style Mart indicates that it will not be able to pay.Loomis can resell the goods

• A)either after finishing the job (and identifying the goods),or after stopping the job.
• B)only after finishing the job and identifying the goods.
• C)only if Loomis immediately stops the job.
• D)under no circumstances.

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Definitions:

Ego

in Freudian psychology, is the part of the personality that mediates between the instincts and the external world, aiming for a realistic approach to gratification.

Executive Part

The region of the brain, particularly the prefrontal cortex, responsible for higher-order functions such as decision making, problem solving, and impulse control.

Pleasure Principle

A concept in psychoanalytic theory referring to the driver of human behavior to seek immediate gratification of needs and desires.

Schemas

Mental models or cognitive frameworks that assist people in categorizing and understanding information through the lens of previous knowledge and experiences.